Is it time to sell USDCAD

74
Hello traders this is a simple price action trade.
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The market is clearly in an uptrend so why would I want to sell you may ask. I think the breakout of this zone (Range )is a fakeout
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We broke out of the zone with this weak candles which indicates that this is more likely to be a fake breakout than a real breakout
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Furthermore we can see this divergence in volume which shows that there are no people buying this USDCAD here.
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Something that is also interesting is this double top with a divergence.
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  • WEAKNESS USING MACD
  • DOUBLE TOP WITH DIVERGENCE
  • TREND BREAKOUT


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